trending Market Intelligence /marketintelligence/en/news-insights/trending/i2hm55u-ovyxktxg6xa_ga2 content esgSubNav
In This List

2 US senators call for probe into Deutsche Bank's compliance history

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


2 US senators call for probe into Deutsche Bank's compliance history

U.S. Democratic senators Elizabeth Warren and Chris Van Hollen have called for a Senate investigation into Deutsche Bank AG's compliance history.

They wrote a letter to the Senate's banking committee to request a probe into the German lender's correspondent banking operations and money laundering vulnerabilities.

"The compliance history of this institution raises serious questions about the national security and criminal risks posed by its U.S. operations," the senators said in the letter. "Its correspondent banking operations in the U.S. serve as a gateway to the U.S. financial system for Deutsche Bank entities around the world."

The letter comes amid recent enforcement actions against the bank, a raid of its offices in Frankfurt and allegations of its role in clearing billions of dollars of suspicious funds for Danske Bank A/S.